Better US data though RoW looks soft
Jul 02, 2015 01:56 am UTC| Commentary
Stronger US data gave a bid tone to USD ahead of tonights payrolls. ADP came in above expectations at 237K (cons 218K) while ISM also beat expectations at 53.5 (cons 53.2), despite yesterdays soft Chicago PMI which rattled...
Jul 02, 2015 01:15 am UTC| Commentary
Macro/CTA funds had their largest drawdown on Monday since August 2007 as risk assets collapsed and the euro rallied, accordiing to Barclays research note to its clients. With markets in flux after the Greece-induced...
US NFP likely to come in at 190K/210K for headline/private reads
Jul 01, 2015 22:44 pm UTC| Commentary
US June non-farm payrolls expected to come in at 190K/210K for the headline/private reads. Below 200K forecast for headline NFP stems from what looks likely to be some seasonal adjustment issues in the State and Local...
Banxico to hike rates right after the US Fed
Jul 01, 2015 21:26 pm UTC| Commentary
Banxico announced changes to its monetary policy calendar to coordinate decisions along with the US Fed. The press release mentions that the relative monetary position with the US has an important effect in the evolution...
June global manufacturing confidence down slightly due to weak EM
Jul 01, 2015 21:16 pm UTC| Commentary
Barclays notes:Our final reading of the Barclays global manufacturing confidence in June points to a slight decline, to -0.43 from -0.42, lower than our initial estimate , as many EM countries (including India, Korea,...
Jul 01, 2015 20:54 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields rose from 2.06% to 2.12%, while the 10yr yield rose from 3.05% to...
Jul 01, 2015 20:53 pm UTC| Commentary
Westpac Research notes:The US 10yr treasury yield rose from 2.35% to 2.44%, steepening the curve. Notable data surprises were ADP payrolls, ISM manufacturing and construction spending, the latter two causing the Atlanta...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects